News Headlines Article

Insurers pour money into fight against Calif. ballot initiative
Modern Healthcare

A political battle looms over whether regulators in the nation’s most populous state will have the authority to reject proposed health insurance rate hikes, a power that could make a big difference in the fate of the Obamacare insurance exchanges.

Supporters of the referendum argue that it’s a long overdue mechanism to rein in unreasonable rate hikes and supplement changes that were part of the Patient Protection and Affordable Care Act.